European Resources Expands Korsnäs Mineral Resource, ANSTO Reports High Rare Earth Recovery Rates

Published: Jul 20, 2026 18:05 (GMT+8)

Save

European Resources reported an Inferred Mineral Resource for Korsnäs, expanding it to 15.4 million mt at a grade of 1.00% TREO, and set a conceptual exploration target of 18 million to 32 million mt. ANSTO Minerals achieved notable results, delivering an overall magnetic rare earth recovery of 83%, with recovery rates of 88% for praseodymium and 83% for neodymium, although recovery rates for heavy rare earths such as dysprosium and terbium remained below 50%. At the end of the quarter, the company held only A$1.76 million in cash, sufficient to sustain operations for only about 2.47 quarters at the current rate. Given this, the company is likely to require additional funding.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Rare Earth Morning Meeting Summary] Pr-Nd prices continue to rise with transactions following suit, terbium series leads the decline while dysprosium-iron alloy turns downward

[SMM Rare Earth Morning Meeting Summary: Pr-Nd Prices Continue to Rise with Transactions Following Suit, Terbium Series Leads Decline as Dysprosium-Iron Alloy Turns Down] The price center of Pr-Nd oxide continued to move upward, with low-priced supply further tightening; dysprosium oxide prices stopped falling and stabilized; terbium oxide quotes continued to edge lower.

1 hour ago

15 hours ago

Germanium prices have risen nearly 102% this year, minor metals sector active, Yunnan Germanium and China Northern Rare Earth lead gains [SMM Flash]

15 hours ago

17 hours ago

SMM Rare Earth Afternoon Trading Comment on October 13

17 hours ago